Unemployment is a major problem not only in India but across the world. There are hundreds of thousands of individuals out there that are unemployed. Furthermore, due to India’s rising population and desire for work, the country’s unemployment rate is quite high. Furthermore, if we ignore this issue, it will become the cause of the nation’s demise.
Unemployment refers to a scenario in which a skilled and capable person desired to work but was unable to find work. However, due to a variety of factors, I am unable to locate suitable employment.
In a country like India, there are several reasons why a substantial portion of the population is unemployed. Some of these reasons include population increase, sluggish economic development, seasonal occupation, poor economic growth, and a decline in the cottage industry.
If things continue as they are, unemployment will become a huge problem. Apart from that, an economy experiences an increase in poverty, an increase in crime, labor exploitation, political instability, mental health problems, and skill loss. As a result, all of this will eventually lead to the nation’s downfall.